|6 September 2017||
Further strengthening of vanadium market
Metal Bulletin reports that vanadium prices are continuing their ascent as buyers’ return to the market and prices start to move higher again after relative stability in August.
Price of Ferro-Vanadium is now at a range of US$42.85-45 per kg, up 4.2% from August and 128% from last year.
V2O5 prices surged ahead of ferro-vanadium last week in Europe, with spot material held in a limited number of hands. Metal Bulletin assessed V2O5 prices at $11-11.25 per lb, in-warehouse Rotterdam, a jump of 12.4% compared to the previous week.
Market participants expected prices to consolidate toward the high end of the range moving forward, as cheaper inventories are expended.
|4 September 2017||
Investing in the future strength of the Australian resources sector
Australian Federal Government Media Release:
|29 August 2017|
|28 August 2017||
It's Boom Time for Vanadium, Ruthenium and Cobalt - Bloomberg
|25 August 2017||
China's scrap ban will cut 4,500-5,500 tpy of domestic V2O5 production
Metal Bulletin reports that according to an announcement on the Chinese Ministry of Environmental Protection’s (MEP) website on August 17th, all four categories of vanadium scrap are "forbidden" to be imported into China under new regulations expected to come into effect after December 31, 2017.
This scrap import ban by Chinese authorities at the end of the year will cut approximately 4,500-5,500 tonnes from the country’s vanadium pentoxide (V2O5) production per year.
Meanwhile, vanadium demand in China is expected to surge following a revision to the standard tensile strength of rebar products in the country, which requires a greater amount of vanadium be added to products to increase their strength. An official at the China Iron & Steel Research Institute pegged this growth at around 10,000 tpy.
Metal Bulletin’s vanadium pentoxide fob China price was assessed at $12.30-13 per lb on August 17, having shot up by 88% from $6.40-7 per lb just a month earlier.
|23 August 2017|
|22 August 2017|
|1 August 2017||
V2O5 prices reach multi-year highs on China supply concerns
Metal Bulletin reports today that Chinese vanadium pentoxide (V2O%) prices jumped 60.4% week-on-week, to $10-11.50 per lb FOB China.
The Chinese rally pushes European prices higher, driven by supply concerns, and trader and producer buying.
A trader commented "The reality is that there isn’t that much material available anymore. We are no-quoting traders [and] waiting for end-users to come to us,".
The big move has been facilitated by tighter supplies as a result of environmental inspections in the major production hub of Sichuan province. Stocks were relatively low ahead of the closures being announced, aggravating the effect on spot prices, market sources told Metal Bulletin.
|27 July 2017||
Vanadium prices up sharply on supply concerns
Metal Bulletin reports that concerns over upstream vanadium supplies provided the backdrop for a burst of trader restocking in Europe and the USA last week. Prices in Europe and USA have increased sharply last week while the Chinese market held on to its premium status.
European V2O5 prices were assessed in a range of $6-6.60 per lb, in-warehouse Rotterdam, on July 21, up from $5.35-6 per lb previously.
V2O5 prices were assessed at $6.40-7 per lb, fob China, up 3% week-on-week, though European buyers struggled to get offers from Chinese sellers. V2O5 inventories were already tight. Chinese suppliers, including Chengde Jianlong, which had previously declined to offer material to export enquiries, are no longer quoting on domestic enquiries either, the company told Metal Bulletin.
US spot prices for ferro-vanadium climbed to a 33-month high, reaching $12.85-13.25 per lb on July 20, up 8.52% from $11.7-12.35 per lb previously, according to Metal Bulletin sister publication AMM’s latest assessment.
"It’s going up like a rocket and we don’t know when it’s going to end," a trader said.
|30 June 2017|
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|12 May 2017||
When Robert Friedland Talks Vanadium, I Pay Full Attention
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|11 January 2017|